Скачать или смотреть 3 strategies for Fixed Deposits

3 strategies for Fixed Deposits ☑️

This is the best time to lock-in a Fixed Deposit. Why? 🤔

Considering the inflation, RBI is not likely to raise any interest rates further or even if it does it would increase by 25 basis points.

Thus, interest rates are already at a high currently and there cannot be a good time to invest in FDs.

🧳 Let's look at 3 best strategies for allocating your money in Fixed deposits

✅ Go with Small Finance Banks
Small Finance banks offer FD rates higher than that of big private banks. If you compare rates of both then Small Finance Bank have FD rates up by 1 to 1.25%

✅ FD Laddering method
Laddering deposits is a way of staggering out your investment into multiple fixed deposit accounts to earn high returns, while being welcomed with liquidity at regular intervals

The best thing here is that Laddering deposits will help you in reducing losses from premature withdrawal. (example explained in the video)

Last
✅ Make an FD for 1 year 1 day (Just an example)
If you check - 1 year FD returns are lower than 1 Year 1 Day FD returns.
For example FD rates for HDFC Bank (as on 21.02.2023)
9 months to 1 year FD is for 6% Per annum and ❌
1 year to less than 15 months if for 6.6% per annum ☑️

Choose wisely!

These are some strategies that you can use while choosing to put your money in Fixed Deposit